In a major development for the world of professional wrestling, WWE has entered into an agreement with Endeavor, the parent company of the UFC, to merge into one publicly traded company. Endeavor will own 51% of the new company, while shareholders will have 49%.
The new company will trade under the ticker symbol TKO, with Ari Emanuel serving as chief executive of both Endeavor and the new WWE/UFC company, and Mark Shapiro as the new company’s president. Vince McMahon will be the executive chairman of the new company, with Nick Khan as the president of WWE and Dana White remaining as the president of UFC.
WWE employees were sent an email from Vince McMahon announcing the transaction and stating that there will be an all-employees meeting at 4 pm ET to discuss the implications of the sale. It is unclear at this time what the purpose of the meeting will be, but it is expected to address the impact of the sale on WWE talent and staff.
The announcement of the sale comes after reports broke on Sunday regarding possible sale of WWE. The news has already sparked a great deal of discussion and speculation among wrestling fans and industry insiders alike.
It remains to be seen what impact this merger will have on the world of professional wrestling and sports entertainment as a whole. However, it is clear that this is a major development that will have significant implications for the industry in the years to come.
What are your thoughts on the merger between WWE and UFC’s parent company Endeavor? How do you think this will impact the world of professional wrestling and sports entertainment as a whole? Leave your comments and opinions below.